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U.S. SEC seeks court permission to email legal notices to Adani and nephew, alleging $265M bribery and fraud in a bond offering.
The U.S. Securities and Exchange Commission has asked a New York court to allow it to email legal summons to Indian billionaire Gautam Adani and his nephew Sagar Adani, bypassing India after the country rejected two prior attempts to serve documents through official channels.
The SEC alleges they were involved in a $265 million bribery scheme and fraud related to a U.S. bond offering, including bribes to secure power contracts and misleading investors.
India has not commented on the latest move, though it previously called the matter a private dispute.
The Adani Group denies the allegations and says it will defend itself legally.
The case, one of the most prominent U.S. legal actions against an Indian conglomerate, highlights growing challenges in cross-border enforcement.
La SEC de EE.UU. solicita permiso judicial para enviar notificaciones legales por correo electrónico a Adani y a su sobrino, alegando soborno y fraude de $265 millones en una oferta de bonos.